Now I know why you are broke.
DOW up 10,000 points since Trump's election!
- Thread starter dukkha
- Start date
Now I know why you are broke.
nope. wages up significantly, unemployment at record lows. manufacturing jobs gew 500k under Trump, while Obama lost 200k.
If yu had any understanding of economics, you would understand EXTENDING the recovery ( non-recession)
to it's longest ever recovery, gets more and more difficult as time time goes by ( less room for growth)
Pay gains during Trump’s first year in office best since the Great Recession
https://www.cnbc.com/2018/01/31/pay-gains-under-trumps-best-since-the-great-recession.html
You know, Obama, the DULY elected president who won
with a massive HUMAN majority BOTH times.
Not Trump, the impeached one term loser who cheated to win as a minority vote getter and got slayed in midterms despite a good economy.
Let that sink in until next November. Plenty of time for you to figure out exactly what is going to happen.
with a massive HUMAN majority BOTH times.
Not Trump, the impeached one term loser who cheated to win as a minority vote getter and got slayed in midterms despite a good economy.
Let that sink in until next November. Plenty of time for you to figure out exactly what is going to happen.
Mason Melchizedek
Verified User
So what,that don't do shit for average working Americans
We can buy SUVs ... our Grandchildren can watch the Planet disintegrate. (Do you see the Problem?)
Today, 06:28 PM
Sailor
Verified User
This message is hidden because Sailor is on your ignore list.
Today, 06:30 PM
dukkha
Verified User
This message is hidden because dukkha is on your ignore list.
Today, 06:34 PM
dukkha
Verified User
This message is hidden because dukkha is on your ignore list.
TRUMP IS A CRIMINAL-MOST PEOPLE ARE NOT DELUSIONAL AND KNOW THAT
AND A HANDSOME HANDFUL ARE GOING TO VOTE HIM DOWN FOR OTHER REASONS
YOU ARE FUCKED.
Sailor
Verified User
This message is hidden because Sailor is on your ignore list.
Today, 06:30 PM
dukkha
Verified User
This message is hidden because dukkha is on your ignore list.
Today, 06:34 PM
dukkha
Verified User
This message is hidden because dukkha is on your ignore list.
TRUMP IS A CRIMINAL-MOST PEOPLE ARE NOT DELUSIONAL AND KNOW THAT
AND A HANDSOME HANDFUL ARE GOING TO VOTE HIM DOWN FOR OTHER REASONS
YOU ARE FUCKED.
Mason Melchizedek
Verified User
Except wages for the working class
How many points did it go up in Obama’s first three years???!?!?
Why did you forget to post this part this time???? "Wow, when it goes up to 40,000 it will have risen as much as it did under President Obama."
cawacko
Well-known member
People aren't wrong to say this market is inflated because it is. This has been a Fed induced stock market bubble the past decade. But it is funny to see people now complain about stock buybacks like it's a new thing. Massive stock buybacks were going on during the Obama years as well. It's just convenient to speak out against them now.
Althea
Althea told me...
Deregulation made it easier for the dead coal industry to poison the water. Nothing to do with an inflated market.
https://www.cbsnews.com/news/2018-t...id-little-to-no-federal-income-tax-last-year/
FastLane
Verified User
32% of Americans are saving for retirement in a 401(k).
You're right; they have been going on since the end of the last recession. No matter what we give the corporations (like an effective 0% tax rate), they will only create jobs when they have markets for their products/services. The myth that giving them tax cuts creates jobs was started by -- wait for it -- corporate lobbyists. They much prefer to buy back their stock than make capital investments or hire more staff.
tell it to China and India, then get back to me.. we led the world in carbon reduction last 2 years
no,that was Obama's recovery.
https://www.heritage.org/markets-an...e-class-incomes-surging-thanks-trump-policies
The latest Census Bureau Current Population Survey data now show that middle-class incomes, after adjusting for inflation, have surged by $5,003 since Donald Trump became president in January 2017. Median household income has now reached $65,976 – an all-time high and up more than 8 percent in 2019 dollars under the Trump presidency.
This data was compiled by the statisticians at Sentier Research, an economic research group whose founders have more than 30 years of experience at the Census Bureau in analyzing the monthly income numbers.
I reported last week in the Wall Street Journal that real median family income had soared by $4,146 under Trump through July 2019. The just-released August numbers from Sentier show a huge monthly gain of $857 in income per household.
These numbers contrast sharply with the 16 years prior to Trump’s presidency. In the eight years that George W. Bush was president, median income barely showed any gain, up just $401 thanks to the deep recession of 2008.
In the seven and a half years that Barack Obama was president, and not including the end of the recession, which Obama inherited, incomes inched up by $1,043 (June 2009 – January 2019). This means that in the 16 years before the Trump presidency, incomes rose by about $1,500 while in less than three years middle incomes have risen three times faster.
The contrast is even sharper when measured on a monthy basis. The monthly rise in incomes under Bush was $4. That number was $11 under Obama and $161 under Trump.
These income numbers are PRE-TAX, so they do NOT include the impact of the Trump tax cut. The Heritage Foundation estimates that the average household has saved $1,400 a year on their federal taxes from the 2017 Trump tax cut. This means many working-class families now have a $6,000 higher after-tax, and after-inflation paycheck today.
Adolf_Twitler
Verified User
The S&P 500 Is at an All Time High—But Markets Still Performed Far Better Under Obama Than Trump
By Erik Sherman
November 1, 2019
Fed Cuts Interest Rates for Third Time This Year
In hopes to boost slowing economy.
Before the Fed lowered its target interest rate range on Wednesday, Donald Trump was already on Twitter, touching on two of his favorite topics: how the Fed doesn't lower interest rates enough and that the stock market's performance is thanks to him and his Republican pals.
The connection between a president and equity markets isn't straightforward. Many factors—the general health of the economy, investors sentiment, interest rates, financial stimulus, and global business conditions, for example—affect how stocks perform. But presidents also aren't unimportant.
"Policies may or may not be helpful for economic growth," says Kenneth Orr, CEO of investment research firm and value investment fund manager KORR Acquisitions Group. "Policies are led by the President and his Administration, but Congress must pass laws and budgets to affect those policies."
And so, let's take a look at how the markets performed during the Administrations of Barack Obama and Trump. Let's compare historical chart information on the Dow, S&P 500, Nasdaq, and Russell 2000 indexes from Yahoo Finance. Now, let's compare the same periods for both presidents: from inauguration on January 20 to Oct. 31 in their third year of office.
Because the market had already run up a long way before Trump was elected, the absolute numbers would be misleading. Instead, Fortune compared the performance under each president to his initial inauguration day to get an accurate comparison of growth under each.
Below are graphs and analysis for each of the sectors. For those who want the quick answer, market growth was considerably stronger under Obama, but there is an important caveat. The financial crash that occurred immediately before Obama took office left markets reeling, so there was a lot of room for them to move. Also, the massive financial stimulus enabled by Congress helped drive growth.
S&P 500
The S&P 500 is all about large companies: the 500 largest public companies on either the New York Stock Exchange (NYSE) or Nasdaq exchange as measured by market capitalization. Here is a graph showing the index's progress under each president, again normalized so both can be compared on the same scales.
*100% equals full market value on first day in office
Each horizontal axis shows the number of days in office. On the vertical axis, 100% means the same value on the first day in office, which is why each line starts at 100%. Any value over 100% shows an increase (122% means 22% higher than the first day, for example) and a value under 100% shows a decrease (84% means 16% less than the first day).
The downward dip about a month in under the Obama administration is a general blow the entire market took and which appears in each graph. By the end of October 2011, the S&P 500 hit 156% of the value it had on Obama's first day, which means the index increased by 56%. Under Trump, the increase was 34%, or 22 percentage points lower than the gain under Obama.
Dow
While the Dow (or Dow Jones Industrial Average) consists of 30 large cap companies, they are chosen specifically by Dow Jones & Company in an attempt to represent the broader economy. They are all large public companies with stable earnings that are on the NYSE or Nasdaq.
*100% equals full market value on first day in office
The difference in the Dow between the two administrations is significantly smaller. The percentage change under Obama was roughly 150%, meaning a 50% increase over the initial value. Under Trump, the 136% change, or 36% gain in value, was 14 percentage points less.
Nasdaq
Nasdaq means two things. Like the NYSE, it's a stock exchange where people can buy and sell shares. But it is also an index of stocks, many of which are high tech companies. So the Nasdaq index has come to be considered a quick way for investors to check the pulse of companies that depend heavily on innovation.
*100% equals full market value on first day in
The difference here is strong. Up to now, measured from Trump's first day, the Nasdaq has seen a 149% change for an increase of 49%. At the same point under Obama, it was a change of 186%—an icrease of 86%, or 37 percentage points more than for Trump.
Russell 2000
All of the above indexes are either entirely or heavily large cap stocks. The Russell 2000 is the opposite: 2000 of the smallest public companies. Investors use this index to monitor the progress of smaller companies.
*100% equals full market value on first day in office
The Russell showed the largest difference under the two presidents. A change of 171%—a gain of 71%— during the Obama administration was a whopping 55 percentage points more than Trump's 116% change, only a 16% increase.
But the economy climate and particulars for each president vary widely. Such factors as a generally acknowledged slowing business cycle now and the massive stimulus packages put into place as Obama took office have impacts on results. Still, it's been a long and strong ride for the last ten years.
"Each president deserves a win," says financial advisor and former currency trader Morris Armstrong. "I think that the government deserves collective credit for keeping our economy afloat, that the early bounce is easier than the mature bounce."
As to whoever wins in 2020? "The next president will likely have a recession as an inauguration gift," Armstrong says.
By Erik Sherman
November 1, 2019
Fed Cuts Interest Rates for Third Time This Year
In hopes to boost slowing economy.
Before the Fed lowered its target interest rate range on Wednesday, Donald Trump was already on Twitter, touching on two of his favorite topics: how the Fed doesn't lower interest rates enough and that the stock market's performance is thanks to him and his Republican pals.
The connection between a president and equity markets isn't straightforward. Many factors—the general health of the economy, investors sentiment, interest rates, financial stimulus, and global business conditions, for example—affect how stocks perform. But presidents also aren't unimportant.
"Policies may or may not be helpful for economic growth," says Kenneth Orr, CEO of investment research firm and value investment fund manager KORR Acquisitions Group. "Policies are led by the President and his Administration, but Congress must pass laws and budgets to affect those policies."
And so, let's take a look at how the markets performed during the Administrations of Barack Obama and Trump. Let's compare historical chart information on the Dow, S&P 500, Nasdaq, and Russell 2000 indexes from Yahoo Finance. Now, let's compare the same periods for both presidents: from inauguration on January 20 to Oct. 31 in their third year of office.
Because the market had already run up a long way before Trump was elected, the absolute numbers would be misleading. Instead, Fortune compared the performance under each president to his initial inauguration day to get an accurate comparison of growth under each.
Below are graphs and analysis for each of the sectors. For those who want the quick answer, market growth was considerably stronger under Obama, but there is an important caveat. The financial crash that occurred immediately before Obama took office left markets reeling, so there was a lot of room for them to move. Also, the massive financial stimulus enabled by Congress helped drive growth.
S&P 500
The S&P 500 is all about large companies: the 500 largest public companies on either the New York Stock Exchange (NYSE) or Nasdaq exchange as measured by market capitalization. Here is a graph showing the index's progress under each president, again normalized so both can be compared on the same scales.
*100% equals full market value on first day in office
Each horizontal axis shows the number of days in office. On the vertical axis, 100% means the same value on the first day in office, which is why each line starts at 100%. Any value over 100% shows an increase (122% means 22% higher than the first day, for example) and a value under 100% shows a decrease (84% means 16% less than the first day).
The downward dip about a month in under the Obama administration is a general blow the entire market took and which appears in each graph. By the end of October 2011, the S&P 500 hit 156% of the value it had on Obama's first day, which means the index increased by 56%. Under Trump, the increase was 34%, or 22 percentage points lower than the gain under Obama.
Dow
While the Dow (or Dow Jones Industrial Average) consists of 30 large cap companies, they are chosen specifically by Dow Jones & Company in an attempt to represent the broader economy. They are all large public companies with stable earnings that are on the NYSE or Nasdaq.
*100% equals full market value on first day in office
The difference in the Dow between the two administrations is significantly smaller. The percentage change under Obama was roughly 150%, meaning a 50% increase over the initial value. Under Trump, the 136% change, or 36% gain in value, was 14 percentage points less.
Nasdaq
Nasdaq means two things. Like the NYSE, it's a stock exchange where people can buy and sell shares. But it is also an index of stocks, many of which are high tech companies. So the Nasdaq index has come to be considered a quick way for investors to check the pulse of companies that depend heavily on innovation.
*100% equals full market value on first day in
The difference here is strong. Up to now, measured from Trump's first day, the Nasdaq has seen a 149% change for an increase of 49%. At the same point under Obama, it was a change of 186%—an icrease of 86%, or 37 percentage points more than for Trump.
Russell 2000
All of the above indexes are either entirely or heavily large cap stocks. The Russell 2000 is the opposite: 2000 of the smallest public companies. Investors use this index to monitor the progress of smaller companies.
*100% equals full market value on first day in office
The Russell showed the largest difference under the two presidents. A change of 171%—a gain of 71%— during the Obama administration was a whopping 55 percentage points more than Trump's 116% change, only a 16% increase.
But the economy climate and particulars for each president vary widely. Such factors as a generally acknowledged slowing business cycle now and the massive stimulus packages put into place as Obama took office have impacts on results. Still, it's been a long and strong ride for the last ten years.
"Each president deserves a win," says financial advisor and former currency trader Morris Armstrong. "I think that the government deserves collective credit for keeping our economy afloat, that the early bounce is easier than the mature bounce."
As to whoever wins in 2020? "The next president will likely have a recession as an inauguration gift," Armstrong says.
Last edited:
cawacko
Well-known member
Except through the years there has been bi-partisan talk of the need for corporate tax reform, lowering the rate and eliminating deductions. Top leaders of the Democratic Party have spoken about it; Obama, Schumer and Pelosi. Now they may not have done the legislation exactly how it was passed but they all have spoken about the need to do it.
Edit: (left out not in the last sentence the first time)
Last edited: